As the Bank of Canada aggressively raised rates over the past year to fight multi-decade-high inflation, fears are mounting that tighter monetary policy will push the Canadian economy into recession. Indeed, central banks have a poor historical track record in achieving “soft landings” following tightening cycles. That is, amid high inflation, central banks often struggle to “thread...
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The Bank of Canada hiked its key policy rate by half a percentage point to 4.25 per cent -- the highest it's been since January 2008 -- on Wednesday in its final rate decision of a year that has been marked by stubbornly high inflation and rapidly increasing interest rates.
The bank, which has made a steady succession of large hikes over the course of the year, is widely believed to be nearing an end...
If you’re thinking of buying a home, you’ve come to the right place. Once you’ve decided you’re ready to buy, REALTOR.ca can guide you through the entire process and a REALTOR® can help take care of the rest.
Here’s an overview of what to think about:
Few joys can match the pride of owning a home, but the responsibility can also come with sacrifices ...
Sure, you can afford your home now, but what if mortgage rates go up?
Low interest rates and mortgages have been a fact of life in Canada for some time now. At the time of publication, the 5-year average mortgage rate has hovered around 5% for nearly a decade. This is a far cry from late 1981 when mortgage rates were as much as 21%.
In 2017, the Office of the Superintendent of Financial...
Multi-generational living—where two or three generations of a family live under the same roof—continues to grow in Canada and the real estate market is taking note.
According to Statistics Canada, multi-generational households are fastest growing type of households in the country. Between 2001 to 2016, multi-generational households rose 37.5%, which was well above the median increase (21.7%)...
The spring market tends to be the busiest time of year for selling real estate – but does that mean you’ll necessarily get the best price for your home?
Timing your home’s listing can be tricky – especially in a challenging market for sellers, such as the current one in the Lower Mainland.
Real estate website Zolo has issued a report analyzing the best time to list...
Q. We are planning to retire in a couple of years (I’m 60 and my wife is 58) and want to downsize our house. We currently live just outside downtown Toronto and estimate our house to be worth about $1 million. We don’t have a mortgage as we paid off our home several years ago and are wondering if it’s better to sell our large home and purchase a smaller house now—or to sell...
So you've decided you're ready to buy a home. Now the real work begins—saving enough money for a down payment.
“It's absolutely critical the down payment is a good size on a first home—somewhere in the range of 10 to 20%,” says Lesley-Anne Scorgie, a personal finance author. “The rationale simply being that the habit of saving is the same habit you'll need for actually...
If you're a millennial considering buying your first home, congratulations! You're probably excited until you remember: houses are expensive and—regardless of your current financial situation—you'll likely need to save money to afford one.
This can be intimidating for anyone but, according to a recent survey, millennials in particular say it's become more difficult...
Orginial Article from Realtor.ca
Sure, you can afford your home now, but what if mortgage rates go up?
Low interest rates and mortgages have been a fact of life in Canada for some time now. At the time of publication, the 5-year average mortgage rate has hovered around 5% for nearly a decade. This is a far cry from late 1981 when mortgage rates were as much as 21%.In 2017, the Office...
Original Article: Realtor.ca
So you've decided to purchase your first home with your significant other. But wait—you and your partner haven't tied the knot. Instead, you're cohabitating, perhaps as common-law spouses.
What kinds of challenges are likely to arise when buying property with someone to whom you're not married? And what happens if (heaven forbid) you split up after you've...
The annual pace of housing starts – new housing construction projects – slowed, according to Canada Mortgage and Housing Corporation (CMHC), but dropped less than what was expected for the beginning of the year.
It’s too early to say where the Canadian housing market is heading. But we can start tracking its direction by looking at some significant January figures.
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View full listing details here.
The penthouse of this iconic co-op building right on the beach of Vancouver's English Bay features 2,740-square-foot, two-bedroom-plus-den home was originally listed at a jaw-dropping $17.3 million in October 2018, ranking in as Vancouver's second...
The newly named “speculation and vacancy tax” will apply to those who own second and vacant homes in applicable areas of B.C. as of December 31, the provincial government announced October 16.
Anyone who owns a home that is not their primary residence, and that is not rented out at least six months of the year, on December 31 of each taxation year,...
There are a lot of benefits related to investment property ownership and real estate can be a hedge against the volatility as the stocks fall. In order to maintain a steady income, one could be landlord but it would take a great amount to start with. Though, the easiest way is decide to take a loan. There are several forms in financing your investment property and choosing the right choice could determine...
Buying Real Estate is both a home and a common investment vehicle. If you are buying and owning real estate, you have to weigh out your risks and rewards. Here are different ways you can invest in Real Estate/
"Nothing brings me more joy than seeing my buyers & sellers have success in their Real Estate endeavours. I hope you find the articles on my blog inspiring and educating in your ventures." - Moe Pourtaghi
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